News Centre

J.P. Morgan, RBC, HSBC And Societe Generale Join New FinTech Platform - Wematch Unveils Game-Changing Euro Interest Rate Swaps Matching And Negotiating Platform For Banks

Date 25/07/2019

• Platform goes live with a initial group of 10 banks matching and negotiating Euro IRS curves, butterflies, and basis structures, and with a dozen more in the process of on-boarding
• Platform working with banks to add more products and instruments monthly
• Growing usage and liquidity in Wematch with 39 banks trading on a cross-asset basi

UK’s Financial Conduct Authority Announces Extension To Its Use Of The Temporary Transitional Power

Date 25/07/2019

The Financial Conduct Authority (FCA) today confirmed it intends to extend the proposed duration of the directions issued under the temporary transitional power to the 31 December 2020.  This is to reflect the extension of Article 50.  Other than the additional time the FCA’s approach remains unchanged.

HKEX: Stock Exchange Participants' Market Share Report

Date 25/07/2019

Stock Exchange Participants' Market Share Report 

SquareBook’s FCA Approval Paves The Way To Unbundling Equity Primary Markets, Bringing Innovation And Competition To The IPO Process

Date 25/07/2019

Following participation in the FCA’s Sandbox initiative in 2018/2019,  SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’. The FCA approval enables SquareBook to provide innovative new services in the Initial Public Offering (IPO) process to benefit firms looking to go public. SquareBook is specifically designed to remove the conflicts of interest inherent in the current book building process - conflicts which affect decisions about who receives allocations of shares and which can also distort the pricing of shares.

Mirae Asset To Release Two Innovative Chinese Biotech And Cloud Computing ETFs

Date 25/07/2019

Solactive is pleased to announce the release of two thematic indices that capitalize on two significant megatrends that have the capacity to change not only consumer behavior, but also society as a whole. Both the Solactive China Cloud Computing Index and the Solactive China Biotech Index aim to track the individual performance of the twenty largest and most liquid Chinese companies operating in their corresponding sectors. Mirae Asset Global Investments, one of Asia’s major asset managers, licenses both indices for the issuance of two respective ETFs tailored to investors who want to benefit from the growing demand in Cloud Computing as well as the vast innovation in Life Science and Biotech.

New CCP12 Position Paper Highlights Best Practices Of Effective Third-Party Risk Management

Date 25/07/2019

Since the G20 mandate, the critically important role of central counterparties (CCPs) in the global financial marketplace has been subject to heightened focus. Like other parts of the financial system, CCPs enter into relationships with a wide range of domestic and foreign third-parties to outsource part or entire functions, interact directly with customers, address deficiencies in operations/compliance, leverage emerging technologies etc. In the interest of providing best in class services, CCP’s delivery model are moving increasingly from traditional in-house delivery methods to more complex supply chain models, requiring specialized skills and resources. This increases the need for better oversight of the third-parties utilized. CCP12 recognizes that if such third-parties do not have proper risk oversight and controls in place, a CCP, and the wider financial system, could be exposed to increased fiscal, operational, regulatory or reputational risks.

ASIC Sues ANZ For Misrepresentations And Unconscionable Conduct Over Account Fees

Date 25/07/2019

ASIC confirms that it has now commenced proceedings in the Federal Court against Australia and New Zealand Banking Group Limited (ANZ). In these proceedings, ASIC will allege ANZ was not entitled to charge certain periodic payment fees under the Bank’s contracts with its customers.

New Zealand Financial Markets Authority Confirms Date For Transitional Licensing Applications - New Online Tool To Help Advisers Explore Their Options

Date 25/07/2019

The Financial Markets Authority (FMA) today announced it will start accepting transitional licence applications from 4 November 2019.

NYSE Group Consolidated Short Interest Report

Date 24/07/2019

NYSE today reported short interest as of the close of business on the settlement date of July 15, 2019.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date July 15, 2019

Date 24/07/2019

At the end of the settlement date of July 15, 2019, short interest in 2,383 Nasdaq Global Market^SM securities totaled 8,167,652,545 shares compared with 8,104,486,017 shares in 2,380 Global Market issues reported for the prior settlement date of June 28, 2019. The mid-July short interest represents 4.37 compared with 4.35 days for the prior reporting period.